IRDAI regulations could fasten insurance growth: Milliman

Last month the regulator announced a slew of changes in products, distribution, capital requirements, giving insurance companies the option to make their own choices, many of which required regulatory approvals before. India’s new business premium growth has been in double digits for the better part of the last decade and IRDAI’s easing of guidelines could extend the run, the consultancy said without quantifying how much it fasten growth by.

from Banking/Finance-Industry-Economic Times https://ift.tt/8wEDHlI